AlixPartners, a global consulting firm specializing in complex business challenges, has partnered with Chainalysis, a leading blockchain data platform, to boost forensic investigations and compliance services in the digital asset sector. The strategic collaboration aims to enhance support services utilizing advanced blockchain technology in response to the rising complexity of crypto fraud and evolving regulatory landscape.
As part of this alliance, AlixPartners will join the Chainalysis Services Provider program, expanding its litigation support capabilities within the global digital assets industry. This includes cryptocurrency tracing, forensics, compliance assessments, data analytics, and expert witness testimony. AlixPartners professionals will also be trained as Chainalysis Certified Investigators, providing more services for Chainalysis clients.
The combination of AlixPartners’ global reach and expertise and Chainalysis’ proprietary blockchain data monitoring technology will enable better identification and tracing of various digital assets and assessing associated risk levels. This will be beneficial not only for cryptoasset exchanges but also for crypto-native companies, financial institutions, and government agencies that are increasingly seeking solutions to track crypto transactions for investigative and compliance purposes.
David White, Partner and Managing Director at AlixPartners, emphasized the significance of the partnership, which highlights the firm’s commitment to improving clients’ capabilities in investigating and addressing crypto-related legal issues. Shannon Hughes, Head of Business Development and Partnerships at Chainalysis, underscored the collaboration as a crucial step in building trust in blockchain technology.
The motivation for this strategic partnership is the escalating landscape of crypto fraud that has paralleled the surge in crypto ownership. According to the Chainalysis 2024 Crypto Crime Report, cryptocurrency-based illicit transactions totaled $24.2 billion last year. By combining forces, AlixPartners and Chainalysis are committed to tackling these criminal activities and fostering trust in the digital asset sector and the future of finance.
AlixPartners has been providing expertise in areas such as forensic investigations and risk compliance since 1981. With a global presence in over 20 cities, the firm is a preferred choice for companies facing complex business challenges. Chainalysis, on the other hand, is a prominent blockchain data platform that connects the movement of digital assets to real-world services. It helps organizations track illicit activities, manage risk exposure, and develop market solutions with a focus on building trust in blockchain technology.